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simPRO Taps Square To Power Field Service Payments

PYMNTS

Business management cloud solutions simPRO announced that it is partnering with Square to provide payment processing options to field service professionals, according to a press release. Founded in 2002, simPRO secured $31 million in growth capital in 2016 as part of an aggressive product innovation and expansion strategy.

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Equifax Names Warburg Pincus Executive Its New CEO

PYMNTS

In a press release , Equifax said Begor will start on April 16 and is coming to Equifax from Warburg Pincus, where he was a managing director and focused on operational improvement across the portfolio of companies that fall in Warburg Pincus’ Industrial and Business Services unit.

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Unused Credit Card Lines Are a £90 Billion Problem in UK

FICO

As the UK’s Financial Conduct Authority proposes that issuers reduce or waive interest rate charges for persistent credit card debt, it raises the question: Just how much credit card debt do Britons carry? In January 2002 Classic average credit lines were 35% lower than Premium cards. The £90 Billion Problem.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

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With Five-And-Dime Roots, Five Below’s Still Making It On Main Street In The Amazon Era

PYMNTS

That retailer would be Five Below, which, after opening its doors in 2002, called itself “the Five-and-Dime for the iPod Generation” in a 2011 press release. At the same time, the WSJ reported that a KeyBanc Capital Markets study found that Five Below was less expensive than Amazon for a 67-product basket. The New Five-And-Dime Store.

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Should Facebook Buy eBay?

PYMNTS

million from Benchmark Capital and changed its name to eBay. Four years later, in 2002, eBay announced that it would buy PayPal for $1.5 The feature reminded users that it was a friend’s birthday or other special occasion and a selection of gift cards was presented for that friend to send. With a market cap of $37.2

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The 134 Fintech Unicorns of the 21st Century (Jan 2021 update)

Fintech Labs Insights

The first, Divvy, is a corporate credit card and expense management firm in the same category with Brex, Expensify, and others. Personal Capital. It is the 7th fintech unicorn based in India, and the 4th most valuable. Divvy : Two Utah companies became unicorns this month. valuation, tied for 83rd most valuable this century.